Streetbeat News

Regulatory

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Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

IBM

IBM's federal human resources (HR) shared service solution, IBM Federal HR Cloud, has received Federal Risk and Authorization Management Program (FedRAMP) authorization. The IBM Federal HR Cloud, which services over 500,000 employees across five federal agencies, is the only private sector HR shared services solution certified by the U.S. Office of Personnel Management (OPM) that actively services federal agencies. The FedRAMP authorization enhances the ability of federal HR departments to securely leverage today's latest technologies and services.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:01 pm

SPY

USA's pending home sales for July increased by 0.9%, beating the estimated decrease of -0.6% and the prior figure of 0.3%.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:00 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) has been granted an International Declaration of Carbon Neutrality by the 100% Carbon Neutral Program, making it the first known vertically integrated medicinal cannabis company to achieve this certification. The company has implemented several sustainability measures, including solar energy use, waste management optimization, and recycling. In 2022, Clever Leaves reported a total carbon footprint of 318 tons of CO2 equivalent across all its operations and has neutralized its remaining emissions by acquiring international carbon credits.

Portfolio Pulse from Javier Hasse

August 30, 2023 | 1:49 pm

EBS

WBA

Walgreens Boots Alliance Inc (WBA) announced that over-the-counter NARCAN Nasal Spray will be available at its stores and online from September 5, following FDA approval. Emergent BioSolutions Inc (EBS), the maker of NARCAN, also announced that Naloxone 4 mg will be available nationwide from September. The spray can reverse the effects of opioids, including fentanyl.

Portfolio Pulse from Shivani Kumaresan

August 30, 2023 | 1:45 pm

LEXX

LEXXW

Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) has provided an update on its Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for its planned U.S. Phase 1b Hypertension Clinical Trial. The company has completed work under its control, but the submission of the IND package to the FDA has been delayed due to the lack of required documentation from one of Lexaria's material suppliers.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:24 pm

EWW

SPY

The S&P's Head of Emerging Markets Research predicts that Mexico's monetary policy rate will remain stable for the rest of the year, with potential for interest rates to begin lowering at the start of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 1:22 pm

EOSUSD

The EOS Network Foundation and Binance Japan have announced major strides in expanding their presence in Japan. EOS token has received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA), paving the way for EOS to be traded against the Japanese yen on regulated cryptocurrency platforms in Japan. Binance Japan aims to triple its current list of token offerings, targeting a total of 100 tokens in the near future.

Portfolio Pulse from Murtuza Merchant

August 30, 2023 | 1:22 pm

AMZN

The U.S. Food and Drug Administration (FDA) has criticized Amazon for listing unauthorized drugs on its platform, marking the third such warning in a year. The FDA highlighted the sale of medications for molluscum contagiosum, a skin condition, distributed via third-party sellers. This comes as Amazon continues to expand into the U.S. healthcare sector. JPMorgan noted the significant role of third-party sellers in boosting Amazon's U.S. e-commerce market share.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 1:21 pm

PLUG

The U.S. Securities and Exchange Commission (SEC) has announced that Plug Power will pay a $1.25 million civil fine to settle charges over reporting, accounting, and controls failures that required a multi-year restatement.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:11 pm